ARK Investment Management Adds $12M in Archer Aviation Inc. ($ACHR)
Key Points
- ARK Investment Management changed its Archer Aviation Inc. ($ACHR) stake by 6.4% last quarter, boosting to 37,437,062 shares worth $190.18 million.
- $ACHR last traded around $5.08.
ARK Investment Management increased its position in Archer Aviation Inc. ($ACHR) by 6.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,437,062 shares of Archer Aviation Inc. after buying 2,266,361 shares during the quarter. ARK Investment Management's holdings in Archer Aviation Inc. were worth $190.18 million as of its most recent filing.
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About Archer Aviation Inc.
Archer Aviation Inc., together with its subsidiaries, designs and develops aircraft and related technologies and services for commercial and defense sectors in the United States and internationally. The company offers electric vertical takeoff and landing (eVTOL) aircraft for urban air taxi operations. Archer Aviation Inc. is based in San Jose, California.
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